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Venezuela banks $300M from first U.S. brokered oil sale
January 21st, 2026 - 10:03 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Venezuela banks $300M from first U.S. brokered oil sale

ALBAWABA- Venezuela has received $300 million in oil revenue from a U.S. facilitated crude sale, interim president Delcy Rodríguez announced on Tuesday, marking the first funds to flow under an oil agreement arranged after the kidnapping of President Nicolás Maduro earlier this month. Rodríguez said the funds, part of an expected $500 million in proceeds from U.S. sales of Venezuelan crude, will be channeled into the foreign exchange market through national ...
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The national scheme has so far employed 5,918 Bahrainis, out of the 15,000 who registered.
October 7th, 2019 - 08:37 GMT

17,700 Nationals Hired in Bahrain's Private Sector

DFM General Index jumped 0.74 per cent to 2,781 points, helped nearly 15 per cent gains in stock prices of Agility and Amlak Finance.
October 7th, 2019 - 08:37 GMT

Most GCC Stock Markets Open the Week on Positive Note

The company is currently working with the Roads and Transport Authority in Dubai and Mubadala to look for synergies and developing the UAE project.
October 7th, 2019 - 08:36 GMT

Travel from Abu Dhabi to Dubai in 11 Minutes with UAE Hyperloop

First phase of 5G services provided through network of 2,000 towers across 20 Saudi cities.
October 7th, 2019 - 08:33 GMT

Zain Launches Region’s Largest 5G Network in Saudi Arabia

The global economy is already adjusting to the persistence of the trade war between the US and China.
October 7th, 2019 - 08:28 GMT

US-China Trade War: Major Obstacle for Global GDP Growth

The London-headquartered bank last month announced the shock exit of CEO John Flint after just 18 months in the hot seat but gave no reason for the decision.
October 7th, 2019 - 08:01 GMT

HSBC to Lay off up to 10,000 Employees

The strike has shut down GM production in the United States, impacting its operations in Canada and Mexico where thousands of workers have been temporarily laid off.
October 7th, 2019 - 08:00 GMT

UAW: General Motors Strike Negotiations Take 'Turn for the Worse'

The Middle East and North Africa (Mena) startup ecosystem is growing quickly, with $517 million being invested in 354 deals in 2019 thus far.
October 7th, 2019 - 07:45 GMT

UAE: Home to One Third of FinTech Companies in MENA

Much of Iran's natural gas comes from the South Pars field.
October 7th, 2019 - 07:35 GMT

China Withdraws $5 Billion Iran Gas Field Deal

China, Iraq, Turkey, United Arab Emirates (UAE) and Afghanistan were Iran’s main exports destination in the same period.
October 7th, 2019 - 07:29 GMT

Iran’s Foreign Trade Value Surpasses $42 Billion in H1

Saudi Arabia comes on top of Abu Dhabi's trade partners with a total amount of Dh5.1 billion during July.
October 7th, 2019 - 07:21 GMT

Abu Dhabi Non-Oil Trade Reaches $33 Billion in 7 Months

Volkswagen Turkey Otomotiv Sanayi ve Ticaret A.S. was established last week with capital of 943.5 million Turkish liras ($164.5 million).
October 7th, 2019 - 06:28 GMT

Volkswagen to Build Multi-Brand Production Plant in Turkey

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